AUTHORIZATION RISK
\ˌɔːθəɹa͡ɪzˈe͡ɪʃən ɹˈɪsk], \ˌɔːθəɹaɪzˈeɪʃən ɹˈɪsk], \ˌɔː_θ_ə_ɹ_aɪ_z_ˈeɪ_ʃ_ə_n ɹ_ˈɪ_s_k]\
Sort: Oldest first
-
The RISK of loss that occurs when an employee or AGENT of a company commits the firm to a legally binding, but unauthorized, transaction; in most instances the firm will be required to perform as contracted. A subcategory of PROCESS RISK.
By Henry Campbell Black
Word of the day
Health Personnel Attitudes
- Attitudes of personnel toward their patients, other professionals, the medical care system, etc.